So if you read the last post you’ll of seen I’ve turned my hand to a bit of football trading this last week or so! …..and im becoming increasingly fascinated by it. It’s only because of my lack of interest in football I’d not looked earlier, I think I could end up wishing i had earlier on with my recent thoughts on it. The markets behave a bit differently and getting filled can take a bit longer but it’s not a reason to give up on it, the main thing that interests me is once I have a consistently profitable strategy I can start to climb the staking ladder.
Here’s today’s results! … a bit of beginners luck ?
All matches were traded with a maximum of £10 liability at any one time excluding the St Mirren v Hibernian game where I used a maximum of £5 liability (I did this because I noticed liquidity was significantly poorer).
So on that basis the St Mirren game nearly yielded a profit of 100% prior to the commission reductions. Where as Cardiff v stoke 87% and Newcastle v Swansea returned 80%. The two loosing trades were Middlesborough v Millwall lost -26% and Nottm Forest v Birmingham -6%.
Overall in relation to the liability risked on trades today returned a profit of 235% ! …. if that’s to be a regular thing I’ll be chuffed!
Above is the graph from the Stoke game, the rate of time decay is something that I find interesting. I think one of the next steps for me is to look into some stats for the teams as it’s likely to have a knock on effect to such things.
Thanks to the couple of people who emailed me about the football trading, its good to hear from some others that know a bit more! If there are any really good stats sites any of you recommend I’d like to hear. Hopefully over time I can make this pay well!